Lori Gustafson

401 S 1st Street # 318

Minneapolis, MN
$ 254,900 Beds 1 Baths 1 Sq 832
Monthly Estimate* How much can I afford?

Enjoy premier riverfront living at 401 S 1st Street in the heart of Minneapolis. This beautifully maintained 1-bedroom, 1-bath condo features newer flooring, newer appliances, granite countertops, and attractive cabinetry, offering both style and functionality. The unit also includes a heated underground garage stall and a private storage unit for added convenience. Residents enjoy exceptional amenities, including a swimming pool, fitness center, sauna, party rooms, private dog park, and community library. The community overlooks the historic Stone Arch Bridge and is just steps from the Mississippi Riverfront, downtown Minneapolis, restaurants, parks, and entertainment. Experience one of Minneapolis's most desirable locations with outstanding amenities, stunning views, and the perfect blend of comfort and convenience.

Single Family

  • Price
  • $ 254,900
  • City
  • Minneapolis
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Cic 1487 Riverwest Condo
  • Lot Size
  • 1.625 Acres
  • Zip
  • 55401
  • Sqr Footage
  • 832
  • Year Built
  • 1989
  • Taxes
  • $ 3207
  • Style
  • (CC) High Rise (4+ Levels)
  • MLS#
  • 7084912
Listed By: RES Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 832
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Appliances Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer
HOA Fee 646.7
Garage Spaces 1
Association Fee Includes Air Conditioning,Building Exterior,Cable TV,Controlled Access,Gas,Hazard Insurance,Heating,Internet,Lawn Care,Maintenance Grounds,Professional Mgmt,Sanitation,Security Staff,Shared Amenities,Snow Rem
Year Built 1989
Levels One
Unit Number 318
Property Subtype (CC) High Rise (4+ Levels)
Tax Year 2026
Accessibility Accessible Elevator Installed
Assoc Fee Paid Per Monthly
County Hennepin
New Construction No
Property Type Residential
Association Amenities Car Wash,Concrete Floors & Walls,Deck,Elevator(s),Fire Sprinkler System,Hot Tub,Sauna
HOA Yes
Contingency None
Subdivision Name Cic 1487 Riverwest Condo
Full Baths 1
Directions 3rd Ave to South 1st St.
City Minneapolis
Association Name First Service Residential
High School District Minneapolis
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 3207
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Balcony,Primary Bedroom Walk-In Closet
PostalCity Minneapolis

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 832
Total Bedrooms 1
Total Baths 1
Bath Desc Main Floor Full Bath
Dining Room Description Living/Dining Room
Fuel Natural Gas

Exterior Features

Parking Features Assigned,Underground
Water Source City Water/Connected
Lot Size Area 1.625
Building Area Total 832
Lot Dimensions Irregular
Waterfront Y/N No
Foundation Area 832

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/4/2026 Listed $259,900
6/23/2026 2% - $254,900

Property vs Zip Code Average in 55401

Price
AVG $620K
$250K
Taxes
AVG $9,305
$3,207
Year Built
AVG 1970
1989
Visits
AVG 159
278
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

401 S 1st Street # 318 Minneapolis, MN is a Single Family Home for sale at $254900 with 832 sqft and a lot size of 1.625 Acres Acre(s). 401 S 1st Street # 318 Minneapolis has 1 bedrooms, 1 baths and was built in 1989. The property's zip code is 55401 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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